Welcome to 1099 Deerwood Trail in Pegram, TN, aka “Pegram Palace.” For many of us who live in Nashville, we know very well who owns this little slice of heaven. Gerry House - country music radio icon, hit songwriter and mediocre golfer...according to his golfing buddies. That’s right; Gerry House and his wife Allyson will be offering their beloved country retreat at public auction Saturday July 28th, 2012. The property comes complete with three separate houses (furnished), one of which Gerry uses as a private studio for writing. The property is located in rural Cheatham County, a quick 25 minute drive from Music Row on just over 53 acres at the end of a gated road, with three large ponds and docks for fishing or simply sitting and relaxing. This is a place that inspires creativity, family and peacefulness, a place with a rich history of creative writing and collaboration...if only these walls could talk.
This secluded retreat is hidden behind private gates, with a long gravel road leading up the valley to the property in the woods. The property was originally designed as a fish farm. In fact, when Gerry helped write the hit song “Little Rock” with Reba McEntire, she was startled by the size of his catfish. Reba was worried that the fish were too fat to live in the pond. A unique property with its “natural” environment...creates a retreat-like quality. Oak, Ash, Pine and Evergreen trees boarder all four sides of this property providing an abundance of wildlife and creating a screen of privacy and seclusion.
All three homes have a rustic earthy exterior, with a modern-contempary interior. The homes vary in size, with the two-bedroom main house having 1,185 square feet. The smallest (guesthouse) containing 400 square feet and the home Gerry uses as a writing studio has 680 square feet. All of them have open inviting floor plans, dark wood flooring, vaulted ceilings, exposed beams, wrap-around porches that protrude out over the ponds and large windows that allow an abundance of natural light.
The home’s natural surroundings provide a sanctuary that allows creativity to flow while also providing functionally for the modern family. Busy writing songs, playing golf and working on a memoir titled “Country Music Causes Brian Damage.” Gerry fines it difficult to manage homes in Nashville, Pegram and Florida...creating an opportunity for someone to snatch-up this great retreat.
Modern amenities...including Central Heat and Air
Satellite Flat Screen Televisions
Indoor / Outdoor Speaker Systems
Low Voltage Exterior Lighting
Appliances and Furniture Remain
Hot Tub (Deck over-looking pond)
The House family has determined that the most cost-effective method of selling this private retreat on a timely basis is to offer it for sale through the accelerated marketing process. Accelerated marketing allows the seller to avoid the costs and length of time associated with a conventional marketing program, while creating competition and ensuring a fair market value for the property. Therefore, the auction will be your only opportunity to purchase this truly unique property at your own price.
OFFERING METHOD AND REMOTE BIDDING:
On Saturday, July 28th, at 12:00 noon CST, the property located at 1099 Deerwood Trail Pegram Tennessee will be auctioned. Live on-site bidding will be held at the house. Phone or absentee remote bidding arrangements can be made for those interested parties who will not be able to attend.
AUCTION REGISTRATION AND TERMS:
You can register to bid the day of the auction event...on-site. Simply come a few minutes early and our staff will gladly get you registered and provide you with a bid paddle. A ten percent (10%) earnest money payment will be due immediately after being declared the buyer (cashiers check is not required). The balance is due in cash at closing within thirty (30) days. It is recommended that you secure all financial arrangement prior to the auction, as the Purchase and Sale Agreement does not provide for contingencies of any kind. The Seller will provide at closing a General Warranty Deed, ensuring the property is free and clear of all liens and encumbrances, the title is guaranteed to be fee simple and insurable. 2012 property taxes will be pro-rated @ closing. A ten percent (10%) Buyer’s Premium will be added to the high bid in order to determine the final contract purchase price.
VIEWING & INSPECTION:
The property will be open and available for viewing and inspection on auction day Saturday, July 28th, starting at 9:30 CST. It is recommended that anyone wishing to have the property inspected by a professional, make the necessary arrangements and appointments to get those professionals to the property at the above viewing and inspection times. RealtyTrust Auctioneers have provided an extensive website that includes photo galleries, visual tours, floor plans and rendering that are designed to help you complete your due diligence...www.PegramPalace.com
From Nashville take I-40 West to Exit #201 (Charlotte Pike / US-70), turn right onto Charlotte Pike, then slight right onto River Rd...continue right at TN-251 / River Rd approx.. 5.7 miles to left onto Cub Creek Rd. 2.4 miles, right onto Pond Creek Rd, half mile to left onto Little Pond Creek Rd., continue straight onto Indian Springs Rd. less than half mile to right onto Deerwood Trail...The property entry gate is at the end of the road.
Nashville’s #1 Luxury Real Estate Auction Company... RealtyTrust Auctioneers, LLC is the Selling Agent only. Any announcements made on-site on auction day will supersede any oral or written statements made prior to that time. It is the responsibility of the buyer to determine the accuracy of all information, measurements and specifications of property.